15.6% Below Target

Garmin Ltd. (GRMN) has a consensus 12-month price target of $270.67, implying 15.6% upside from $234.2. The 28 analysts covering GRMN see moderate appreciation potential.

GRMN has a consensus rating of "Hold" based on 28 Wall Street analysts. The rating breakdown is mixed, with 20 Hold ratings making up the largest segment. The consensus 12-month price target of $270.67 implies 15.6% upside from current levels.

GRMN trades at a forward P/E of 24.2906x, representing a moderate valuation. With analysts targeting $270.67 (15.6% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $325 for GRMN, while the most conservative target is $238. The consensus of $270.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $377 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

GRMN is heavily covered by Wall Street, with 28 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 5 have Buy ratings, 20 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month GRMN stock forecast based on 28 Wall Street analysts shows a consensus price target of $270.67, with estimates ranging from $238 (bear case) to $325 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $286, with bear/bull scenarios of $180/$377.

Our quantitative valuation model calculates GRMN's fair value at $286 (base case), with a bear case of $180 and bull case of $377. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.

GRMN trades at a forward P/E ratio of 24.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 27.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on GRMN, with a "Hold" consensus rating and $270.67 price target (15.6% upside). 6 of 28 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

GRMN analyst price targets range from $238 to $325, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $270.67 consensus represents the middle ground. Our model's $180-$377 range provides an independent fundamental perspective.